News : MBO for Connect Communications Backed by LDC
April 15, 2014 -- London-based Connect Communications is planning to invest in its technology and service portfolio after securing equity backing.
The London-based business, which provides unified communications and call-centre software technology services, is undergoing a management buy-out (MBO) supported by LDC.
Leading the MBO is Martin Cross and David Rose, from the existing management team, alongside new chief executive Alex Tupman who is joining the business as part of the deal.
Tupman comments, 'The deal with LDC brings additional strategic and financial support to the business and going forward, we will be actively looking to invest further in the business' asset light, but technology-rich, unique service capability, whilst also expanding the company's global reach, channels and penetration of the enterprise space, as well as its existing service portfolio.'
Posted by Veronica Silva Cusi, news correspondent
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Published: Wednesday, April 16, 2014